Bitcoin has suffered its worst daily decline since March 4, following a slump to the $39.2K level point yesterday. The benchmark cryptocurrency has since regained composure, as it re-emerged above the $40K support but remains under intense bearish pressure.

BTC is now fighting to reclaim the upper-$40K zone, to plant its feet above the long-lasting trendline. That said, we could witness a bullish attempt at the $41K level as trading conditions enter overheated conditions. However, until the primary cryptocurrency recovers above the $43K top, every upward move will be considered a mere bullish correction, leading to a steeper decline.

Meanwhile, my resistance levels are at $41,000, $42,000, and $43,000, and my key support levels are at $39,000, $38,500, and $37,500.

Total Market Capitalization: $1.87 trillion

Bitcoin Market Capitalization: $765.7 billion

Bitcoin Dominance: 41%

Market Rank: #1